Global Petroleum : December 2015 Appendix 5B

Name of entity

GLOBAL PETROLEUM LIMITED

ABN

Quarter ended ("current quarter")

68 064 120 896

31 December 2015

Cash flows related to operating activities

Curent quarter

$US'000

Year to date

$US'000

1.1

Receipts from product sales and related debtors

-

-

1.2

Payments for (a) exploration & evaluation

1. development

2. production

3. administration

(150)

(425)

(280)

(953)

1.3

Dividends received

7

23

1.4

Interest and other items of a similar nature

received

1.5

Interest and other costs of finance paid

1.6

Income taxes paid

1.7

Other - cash used in discontinued

operations

Net Operating Cash Flows

(568)

(1,210)

Cash flows related to investing activities

1.8

Payment for purchases of: (a) prospects

1. equity investments

2. other fixed assets

1.9

Proceeds from sale of: (a) prospects

1. equity investments

2. other fixed assets

1.10

Loans from other entities

1.11

Loans repaid by other entities

1.12

Other (provide details if material)

- Cash from discontinued activities

Net investing cash flows

-

-

1.13

Total operating and investing cash flows (carried forward)

(568)

(1,210)

1.13

Total operating and investing cash flows (brought forward)

(568)

(1,210)

Cash flows related to financing activities

-

1.14

Proceeds from issues of shares, options, etc.

1.15

Proceeds from sale of forfeited shares

1.16

Proceeds from borrowings

1.17

Repayment of borrowings

1.18

Dividends paid

1.19

Other - short term loan from related party

Net financing cash flows

-

-

Net increase (decrease) in cash held

(568)

(1,210)

1.20

Cash at beginning of quarter/year to date

11,935

12,708

1.21

Exchange rate adjustments to item 1.20

25

(106)

1.22

Cash at end of quarter

11,392

11,392

Curent quarter

$US'000

1.23

Aggregate amount of payments to the parties included in item 1.2

142

1.24

Aggregate amount of loans to the parties included in item 1.10

2.1

Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

2.2

Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Amount available

$US'000

Amount used

$US'000

3.1

Loan facilities

3.2

Credit standby arrangements

$US'000

4.1

Exploration and evaluation

440

4.2

Development

4.3

Production

4.4

Administration

477

Total

917

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.

Current quarter

$US'000

Previous quarter

$US'000

5.1

Cash on hand and at bank

9,437

9,440

5.2

Deposits at call

1,955

2,495

5.3

Bank overdraft

5.4

Other (provide details)

Total: cash at end of quarter (item 1.22)

11,392

11,935

Tenement reference

Nature of interest (note (2))

Interest at beginning of quarter

Interest at end of quarter

Total number

Number quoted

Issue price per security (see note 3) (cents)

Amount paid up per security (see note 3) (cents)

7.1

Preference

+securities

(description)

7.2

Changes during quarter

1. Increases through issues

2. Decreases through returns of capital, buy- backs, redemptions

7.3

+Ordinary

securities

200,174,499

200,174,499

7.4

Changes during quarter

1. Increases through issues

2. Decreases through returns of capital, buy- backs

729,712

729,712

7.5

+Convertible

debt securities (description)

7.6

Changes during quarter

1. Increases through issues

2. Decreases through securities matured, converted

7.7

Options (description and conversion factor)

3,000,000

3,000,000

300,000

300,000

1,000,000

Exercise price A$0.065 A$0.065 A$0.065 A$0.065 A$0.065

Expiry date

23 December 2019

23 December 2019

23 December 2019

23 December 2019

23 December 2019

7.8

Issued during quarter

7.9

Exercised during quarter